210
210
Sep 4, 2012
09/12
by
CNBC
tv
eye 210
favorite 0
quote 0
four years ago, barack obama carried all 11 of these states. we've also seen the president's job approval has been slipping in these states. part of this may be a convention bounce. part of it is these swing states by definition are very close and will likely to stay that way for at least a coup of weeks. >> is it fair to say in your numbers romney has the lead right now? >> romney has the lead. i'm not a gambling person, larry. i bet romney maybe has the edge and i bet a lit bit, but i wouldn't bet a whole lot of money. it's a very close election, jobs reports, other economic indicators are going to play a key role. neither candidate has broken out at all in the last two months. >> appreciate it. coming up, it's the democrats' turn to celebrate? what do they have to celebrate about. four years of out of control spending? 8.3% unemployment? record gas prices? well, our congressional panel is going to chew on the question, are you better off now? that is next up. you know why i sell tools? tools are uncomplicated. nothing complicated about a pai
four years ago, barack obama carried all 11 of these states. we've also seen the president's job approval has been slipping in these states. part of this may be a convention bounce. part of it is these swing states by definition are very close and will likely to stay that way for at least a coup of weeks. >> is it fair to say in your numbers romney has the lead right now? >> romney has the lead. i'm not a gambling person, larry. i bet romney maybe has the edge and i bet a lit bit,...
274
274
Sep 6, 2012
09/12
by
CNBC
tv
eye 274
favorite 0
quote 1
obama has done it in less than four years. we need a fact check here. >> let's do a fact check on whether it was contracting between 0 and 4% and we were headed toward a great depression. >> we had a very large financial collapse right at the end of the bush administration. it was over in june of 2009 according to the economists. >> you're both terrific. both making strong points. mayor, uh appreciate you coming wrong. governor haley barbour, thank you for coming on. maybe we'll have the same twosome go at it again. maybe obama will say he'll need a few more years to get america's problems solved. really? [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... all
obama has done it in less than four years. we need a fact check here. >> let's do a fact check on whether it was contracting between 0 and 4% and we were headed toward a great depression. >> we had a very large financial collapse right at the end of the bush administration. it was over in june of 2009 according to the economists. >> you're both terrific. both making strong points. mayor, uh appreciate you coming wrong. governor haley barbour, thank you for coming on. maybe...
158
158
Jul 8, 2013
07/13
by
CNBC
tv
eye 158
favorite 0
quote 1
in the obama years he becomes a free spending tstimulus guy. i don't know if he is for obama care, would the real larry summers please stand up, dean? >> the obama years he had to deal with the fallout from the clinton years. that got us on the bubble of the economy of the 90s. that got us in a stock bubble that burst that got us to the session in 2001. we got knew the housing bubble which guess what, burst. that gave us the catastrophe that we needed and large stimulus to boost the economy. >> do you blame summers for the housing bubble? because that occurred in the clinton years. >> well, it began in the clinton years. >> that's right. >> i think summers began -- >> it began. >> it began. bush was sitting there and the idea that he couldn't do anything to change the course, i don't necessarily have great respect for president bush's economic abilities. he was sitting there. he had plenty of time to change courses. >> i just wanted to ask that. dan mitchell, let me come back to the principle matter at hand, with i is a 15% tax on the repatriat
in the obama years he becomes a free spending tstimulus guy. i don't know if he is for obama care, would the real larry summers please stand up, dean? >> the obama years he had to deal with the fallout from the clinton years. that got us on the bubble of the economy of the 90s. that got us in a stock bubble that burst that got us to the session in 2001. we got knew the housing bubble which guess what, burst. that gave us the catastrophe that we needed and large stimulus to boost the...
0
0.0
Sep 30, 2019
09/19
by
CNBC
quote
eye 0
favorite 0
quote 1
>> well, look, during the obama years i made three major deals on taxes with joe biden. three very significant deals so when you have divided government, you need to look for things you can agree on and do those. and i don't see much of that happening right now so i know the house has been on this impeachment addiction since the day the president was sworn in, but i hope they can turn their attention to something else. usmca ought to be right at the top of the list, it is good for the american people. >> senator, just to dig into that a little more all of the action in the room seems to be going to the impeachment inquiry. what does it do to congress' ability to legislate, even getting funding for fiscal 2020 federal budget which begins tomorrow >> well, we did reach an agreement on a bipartisan basis on how much the government is going to spend both this year and next and i think we'll be able to honor that agreement, it has not been as smooth in implementation as i hoped we are working on getting prescription drug costs down there are other issues that we can hopefully
>> well, look, during the obama years i made three major deals on taxes with joe biden. three very significant deals so when you have divided government, you need to look for things you can agree on and do those. and i don't see much of that happening right now so i know the house has been on this impeachment addiction since the day the president was sworn in, but i hope they can turn their attention to something else. usmca ought to be right at the top of the list, it is good for the...
104
104
Apr 19, 2018
04/18
by
CNBC
tv
eye 104
favorite 0
quote 1
you know, we're now in the ninth year of a recovery, seven years which was in the obama administration we helped to rebuild the world economy, leading the world even while the economic crisis started here the united states has to be able to lead the world. the world needs it and the united states needs it i worry if our leadership of the world starts to erode. >> i was wondering where are we in that leadership of the world economically >> our economy is doing well actions we're taking in a number of areas are not in the medium and long-term helpful. look at the tax cut we passed. i think it's helping simulate international economic growth. that's what the imf report shows. but it's also going to increase american borrowing, it's going to increase our trade deficits it's going to weaken the u.s. ability in the future to be strong you look what we're doing on trade. we strong and what we're doing on trade. we need to press for fair trade. tpp, we negotiated a goo agreement. i think this administration, if it does re-enter, we'll be lucky if they can bring it back to where it was >> where
you know, we're now in the ninth year of a recovery, seven years which was in the obama administration we helped to rebuild the world economy, leading the world even while the economic crisis started here the united states has to be able to lead the world. the world needs it and the united states needs it i worry if our leadership of the world starts to erode. >> i was wondering where are we in that leadership of the world economically >> our economy is doing well actions we're...
255
255
Dec 17, 2012
12/12
by
CNBC
tv
eye 255
favorite 0
quote 0
two years ago, obama said he didn't want to hurt the economy, so he didn't want to raise rates on anyone. evidently that his job is secure, he's less interested in everybody else's job, so he is interested in raising top rates, capital gains taxes, subchatter "s" corporation taxes. although that's going to be awfully rough on the economy if he pulls the trigger on that. there are also a series of fights where republicans have more leverage than they do early january. that is the debt ceiling and there the republicans have announced ahead of time the boehner rule remains in place. obama wants a trillion dollars in debt ceiling increase and he's planning on having $8 trillion in higher debt over the next decade, he has to pay for it with spending cuts of equal amounts. the republicans could require tax rates come down as part of a debt ceiling increase. a second tool republicans have and have employed against obama is the continuing resolution. >> yeah. >> because the democrats in the senate have not passed a budget in three or four years, we have a cr, continued resolution if that isn't c
two years ago, obama said he didn't want to hurt the economy, so he didn't want to raise rates on anyone. evidently that his job is secure, he's less interested in everybody else's job, so he is interested in raising top rates, capital gains taxes, subchatter "s" corporation taxes. although that's going to be awfully rough on the economy if he pulls the trigger on that. there are also a series of fights where republicans have more leverage than they do early january. that is the debt...
250
250
Sep 11, 2012
09/12
by
CNBC
tv
eye 250
favorite 0
quote 0
obama years and the military and cia efforts continue. phish has doubled the number of agents dealing with counter-terrorism. nypd has 1,000 cops in new york city alone dedicated to fighting terrorism but we see the plots continuing. we have seen the underwear bomb plots on planes and zazi try to attack our subways, more than a dozen attacks since 9/11 alone. ray kelly has talked to you about this. more than a dozen plots targeting the city and good policing and intelligence targeted many of them and sometimes good luck. we're safer but not yet safe. >> you have -- ray kelly, in my opinion, is the greatest police commissioner this city has ever had and put together a phenomenal operation to make us safe. are the security law enforcement breaks working together satisfactorily? >> there's always that competition, especially here in new york between agencies. you have joint terrorism forces not only in new york but they've grown, agencies working together, sharing intelligence and cooperating, doing great work behind the scenes. a lot of cas
obama years and the military and cia efforts continue. phish has doubled the number of agents dealing with counter-terrorism. nypd has 1,000 cops in new york city alone dedicated to fighting terrorism but we see the plots continuing. we have seen the underwear bomb plots on planes and zazi try to attack our subways, more than a dozen attacks since 9/11 alone. ray kelly has talked to you about this. more than a dozen plots targeting the city and good policing and intelligence targeted many of...
1
1.0
Aug 3, 2021
08/21
by
CNBC
tv
eye 1
favorite 0
quote 0
years was, was your lesson from obama and the stimulus was go big or go home? do you think you're trying to course correct with the biden administration >> well, this president came in focused on making sure that we were going to tackle both our health and economic crises simultaneously our actions to date have been focused very much like a laser beam on that we have seen the results obviously working through challenges with the delta variant now. but we are experiencing a historic recovery, historic economic growth, historic job growth the proposals here are not about short-term stimulus, it's about long-term investments in our country's capacity and a big piece of that is what you refer to as human structure. investing in early education and child care and doing so in a way that is fully offset across time it's also been a while in washington that we've actually tried to responsibly pay for what we're doing that's a core of the proposals we've put forward. so we're also confident we can move that process forward in the senate those are issues that traditional
years was, was your lesson from obama and the stimulus was go big or go home? do you think you're trying to course correct with the biden administration >> well, this president came in focused on making sure that we were going to tackle both our health and economic crises simultaneously our actions to date have been focused very much like a laser beam on that we have seen the results obviously working through challenges with the delta variant now. but we are experiencing a historic...
42
42
May 11, 2017
05/17
by
CNBC
tv
eye 42
favorite 0
quote 0
and my attitude and the facts, if you look at the obama years are harsh. they tried to clean up the data, but the fact of the matter is, every businessman in america was scared to death. it retarded really robust creation. >> that sense of optimism among people, not just businessmen, but my customers who are people who are able to afford the better things in life much more positive. >> right. >> and we felt it. it was -- it happened right away in november. >> really? a heck of a switch? >> pretty much. you know, in december, we noticed the change. >> what happens if parts of the agenda are not completed? what happens if he can heck reform isn't passed? what happens if tax reform isn't actually passed? are you concerned that that optimism goes away or diminishes? >> well, let's put it this way, if my employees and the american public are left with the affordable care act, that's not going to be very good for anybody and there will be continued angst about it. as far as the agenda, it takes, in business, it takes us a while to do something. if i'm going to b
and my attitude and the facts, if you look at the obama years are harsh. they tried to clean up the data, but the fact of the matter is, every businessman in america was scared to death. it retarded really robust creation. >> that sense of optimism among people, not just businessmen, but my customers who are people who are able to afford the better things in life much more positive. >> right. >> and we felt it. it was -- it happened right away in november. >> really? a...
102
102
Sep 19, 2013
09/13
by
CNBC
tv
eye 102
favorite 0
quote 0
more simply delaying obama care for a year. you got to make sure medicare doesn't expand. you need a growing economy and tax reforms. all those things are on table and we'll discuss that early tomorrow morning and what we'll do on the debt ceiling even before we finish the cr. >> the debt ceiling stuff adds another dimension to it. more risk, maybe more opportunities. congressman tim huelskamp thank you. brian kelly, alan young will talk about stocks and gold and the dollar and a really dovish fed. this could be the janet yellen fed ahead of the time. later on a world renown hospital that president obama has praised twice in big speeches, that hospital is now saying it needs to cut thousands of jobs and $330 million out of its budget because of obama care. my take? other hospitals are going to follow suit. don't forget, folks, free market capitalism is the best path to prosperity. that's going tested with government spending restraint over the cr and the debt limit coming up in a couple of weeks. i'm kudlow. please stay with us
more simply delaying obama care for a year. you got to make sure medicare doesn't expand. you need a growing economy and tax reforms. all those things are on table and we'll discuss that early tomorrow morning and what we'll do on the debt ceiling even before we finish the cr. >> the debt ceiling stuff adds another dimension to it. more risk, maybe more opportunities. congressman tim huelskamp thank you. brian kelly, alan young will talk about stocks and gold and the dollar and a really...
101
101
Jan 25, 2010
01/10
by
CNBC
tv
eye 101
favorite 0
quote 0
one year later, is this the president you expected to -- president obama to be? >> i think the white house is correct when they argue that judging obama to some extent by the promises he made before the financial crisis became a reality is a little unfair. he has dealt with passing a stimulus, whether you think it was big enough, too big, whatever. he's dealt with the auto industry, a problem the bush administration did kick down the road for them to deal with. they had worked on financial regulation. i think he has been pretty good at the governance part of it, of moving legislation through congress, which is tough. i think he's had trouble explaining to the american people where he really stands. what is his attitude towards regulation, towards big business, towards the big federal role. i think he needs to do a better job. i thought he would do a better job at that than he has. >> this week with the proposals about the banking sector, in terms of the possibility of splitting some of the more risky capital markets business from pure vanilla lending, people are
one year later, is this the president you expected to -- president obama to be? >> i think the white house is correct when they argue that judging obama to some extent by the promises he made before the financial crisis became a reality is a little unfair. he has dealt with passing a stimulus, whether you think it was big enough, too big, whatever. he's dealt with the auto industry, a problem the bush administration did kick down the road for them to deal with. they had worked on...
251
251
Oct 22, 2012
10/12
by
CNBC
tv
eye 251
favorite 0
quote 0
the man who ran against barack obama four years ago, senator john mccain gives us insight live where the two men will do battle tonight. later, who knew free money would be so unappealing. corporate matching is on the rise. why aren't employees pouring more money into 401(k) plans. i'll pick the brains of a couple retirement specialists coming up in a few minutes. stay with us on "closing bell." ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to cho
the man who ran against barack obama four years ago, senator john mccain gives us insight live where the two men will do battle tonight. later, who knew free money would be so unappealing. corporate matching is on the rise. why aren't employees pouring more money into 401(k) plans. i'll pick the brains of a couple retirement specialists coming up in a few minutes. stay with us on "closing bell." ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're...
131
131
Feb 8, 2010
02/10
by
CNBC
tv
eye 131
favorite 0
quote 0
why we can't forget about haiti and his take on president obama one year later. >>> and then the rarest of the rare. shopping for a flawless blue diamond with a royal pedigree. >> oh, look how clear that is. that's amazing how clear that is. >> as we take a break, look at how the stock market ended the week. hi, may i help you? yes, i hear progressive has lots of discounts on car insurance. can i get in on that? are you a safe driver? yes. discount! do you own a home? yes. discount! are you going to buy online? yes! discount! isn't getting discounts great? yes! there's no discount for agreeing with me. yeah, i got carried away. happens to me all the time. helping you save money -- now, that's progressive. call or click today. >>> former president bill clinton is in haiti once again this weekend, his second visit to that earthquake-ravaged count. mr. clinton say special envoy to haiti. i spoke with him recently about aid efforts, his view of the political scene and why we cannot forget about haiti. >> rye now we're still trying to meet the basic needs for food and water. the logistics pr
why we can't forget about haiti and his take on president obama one year later. >>> and then the rarest of the rare. shopping for a flawless blue diamond with a royal pedigree. >> oh, look how clear that is. that's amazing how clear that is. >> as we take a break, look at how the stock market ended the week. hi, may i help you? yes, i hear progressive has lots of discounts on car insurance. can i get in on that? are you a safe driver? yes. discount! do you own a home? yes....
193
193
May 10, 2012
05/12
by
CNBC
tv
eye 193
favorite 0
quote 0
three years, why has it still not worked? i say start with the architect of obamanomics, larry summers, you won't want to miss it. >>> also, talk about another pea-brain regulation, a $4 billion proposal to label those with cy bladder syndrome disabled, requiring business to rebuild bathrooms to accommodate those who are pee shy. >>> and a stunning admission minutes ago, jamie dimon said the banks had a $2 billion trading loss since the end of march. the stock is falling, cnbc's mary thompson joins us now with the details. good evening, mary. >> good evening to you, larry. dimon called the losses egregious mistakes committed to by the chief investment office. the portfolio used to manage interest rate and credit risk. those losses linked to trades aimed at reducing a short position on credit. jpmorgan set up to protect the bank in times of severe credit stress. on a conference call earlier tonight, dimon called the trades poorly executed and poorly monitored. >> i know it was done with the intention for jpmorgan, but i'm tell
three years, why has it still not worked? i say start with the architect of obamanomics, larry summers, you won't want to miss it. >>> also, talk about another pea-brain regulation, a $4 billion proposal to label those with cy bladder syndrome disabled, requiring business to rebuild bathrooms to accommodate those who are pee shy. >>> and a stunning admission minutes ago, jamie dimon said the banks had a $2 billion trading loss since the end of march. the stock is falling,...
98
98
Nov 6, 2012
11/12
by
CNBC
tv
eye 98
favorite 0
quote 0
added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack obama. >> pretty much like dropping those million dollar -- >> it has. >> dollars from the sky, right? >> in order to take advantage of asset inflation, you have to have assets. >> that's right. most of the millionaires will lean toward romney. the top issues for voters are the national deficit, unemployment, national security, by the way, taxes rank among the last issues. >> billionaires, the day after that, zillionaires. >>> this doesn't happen all that often, we are in the midst of a big election day stock ral slichlt th -- rally. is this connected to the election? we will get answers. >>> can
added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack...
260
260
Jul 31, 2009
07/09
by
CNBC
tv
eye 260
favorite 0
quote 1
it turns out we have been in the bush-obama years, just didn't know it until we were nine years in. look back, nothing happened with stocks, inflation on the rise, doesn't mean you can't have lots of bull and bear markets a gigantic trading range, let's felt our definition straight. >> meanwhile as the dollar hits a new low value. >> not on a trading basis, diverse what currency? that's not true, peter. >> the dollar made a new low. >> it doesn't mean it made a new low. the dollar is what 10% of its lows? >> a new low for the year. the dollar is headed lower? so what. >> only if ron paul is president do we get to declare it a bull market. otherwise, we're on the gold standard and all that other stuff -- >> one at a time, one at a time. >> gary boyer, finish your thoughts. >> the dow jones went up because profits improved, because american business is smart and cut their costs. that was in this midst of an extremely deep recession. now, off the baseline of the incredible inventory adjustment, we're likely to get positive gdp in the third and fourth quarter, the top lines go up. that
it turns out we have been in the bush-obama years, just didn't know it until we were nine years in. look back, nothing happened with stocks, inflation on the rise, doesn't mean you can't have lots of bull and bear markets a gigantic trading range, let's felt our definition straight. >> meanwhile as the dollar hits a new low value. >> not on a trading basis, diverse what currency? that's not true, peter. >> the dollar made a new low. >> it doesn't mean it made a new low....
170
170
Feb 2, 2012
02/12
by
CNBC
tv
eye 170
favorite 0
quote 0
years. in the late 1980s, you remember the capital gains tax was about 35% rate. we did not suffer. those are the years you think are very, very good years. in the 1950s under dwight d. eisenhower who nobody considered a socialist, we had a marginal income tax on the top earners, the equivalent of people earning a million today that was, if you include all of the deductions, all the tax credits, was about 52%, and the economy did fine. in fact, the economy grew in the 1950s faster than it grew today. >> the economy in the 1950s. >> why are you so concerned about raising tax when we have -- >> three recessions in the 1950s. >> we have a gigantic budget deficit. let's try to deal with that. >> all right, robert. i'm just going to repeat this. the economy in the 50s had three recessions. but what is different from the '50s and the '80s and the '90s is senator hutchison, i'll go to you on this. all these foreign governments have been slashing their corporate rates and capital gains rates. while
years. in the late 1980s, you remember the capital gains tax was about 35% rate. we did not suffer. those are the years you think are very, very good years. in the 1950s under dwight d. eisenhower who nobody considered a socialist, we had a marginal income tax on the top earners, the equivalent of people earning a million today that was, if you include all of the deductions, all the tax credits, was about 52%, and the economy did fine. in fact, the economy grew in the 1950s faster than it grew...
227
227
Oct 3, 2012
10/12
by
CNBC
tv
eye 227
favorite 0
quote 0
years of obama. is that what's going to happen tonight in. >> we know this and everybody on your panel, they're all smart guy, they all know that every presidential contest is a contest for the future. and what president obama is saying is everything's fine, we should continue on the same course. governor romney happens to very clearly disagree with that. and the message that he has for these voters is that we can and will take a new course under romney and that new course will have more economic growth. >> this is an assembled intellect of awesome proportions, probably nor since thomas jefferson dined alone. >> i feel like i'm bringing down the batting average on this team. >> you never do. let me ask you this. i was very surprised yesterday to learn that mitt romney was talking about tax policy to a local denver, colorado station where he essentially unveiled a new program with more details. he said his 20% tax cut would only allow $17,000 worth of deductions. if you have $17,000 bucket of deductio
years of obama. is that what's going to happen tonight in. >> we know this and everybody on your panel, they're all smart guy, they all know that every presidential contest is a contest for the future. and what president obama is saying is everything's fine, we should continue on the same course. governor romney happens to very clearly disagree with that. and the message that he has for these voters is that we can and will take a new course under romney and that new course will have more...
128
128
Feb 5, 2019
02/19
by
CNBC
tv
eye 128
favorite 0
quote 0
during the obama years. but the issue of the debt and the deficit is driven by a single issue of policy and that's health care medicare and medicaid are basically the drivers. $80 trillion in those two accounts if you also throw in social security. and that's our problem nobody's willing to address those issues because they're such a third rail of politics. they're the basic entitlement issues and they're politicized to the nth degree. until we get some leadership and that's the only way you're going to address this, leadership on both sides of the aisle that's willing to step on the toes of not the other party but their party and say we've got to do something about this we're not going to get the deaf and deficit issue addressed. at some point, the chickens are going to come home to roost. you can't be running a $22 trillion national debt you can't have your debt going to the same level of your gdp and not expect it to -- at some point, you're going to have to pay the piper. >> senator, what do you make of
during the obama years. but the issue of the debt and the deficit is driven by a single issue of policy and that's health care medicare and medicaid are basically the drivers. $80 trillion in those two accounts if you also throw in social security. and that's our problem nobody's willing to address those issues because they're such a third rail of politics. they're the basic entitlement issues and they're politicized to the nth degree. until we get some leadership and that's the only way you're...
206
206
Jan 25, 2010
01/10
by
CNBC
tv
eye 206
favorite 0
quote 0
with policy changes expected to kick into high gear in president obama's second year -- >> there are things that have to get done. >> cramer is looking for the stocks that will be hit the hardest and the ones that will emerge clear winners. all coming up on "mad money." miss out on some "mad money" catch a mad money text alert today. text "mm" to 26221 to get cramer right on your phone. for more info visit madmoney.cnbc.com. or give us a call at 1-800-743-cnbc. [ male announcer ] introducing the all-new lexus gx. it has the agility and the power to take on any mission, and the space to accommodate precious cargo, because every great action hero needs a vehicle. see your lexus dealer. ♪ >>> in the last week the world of investing has been turned upside down by washington. >> the house of pleasure. >> the house of pain. >> we can no longer afford to look at stocks the same way we did before the gop upset in massachusetts. with the obama administration now on an anti shareholder rampage, we now have to factor in political risk when we evaluate different sectors. it may be higher than
with policy changes expected to kick into high gear in president obama's second year -- >> there are things that have to get done. >> cramer is looking for the stocks that will be hit the hardest and the ones that will emerge clear winners. all coming up on "mad money." miss out on some "mad money" catch a mad money text alert today. text "mm" to 26221 to get cramer right on your phone. for more info visit madmoney.cnbc.com. or give us a call at...
55
55
Dec 20, 2019
12/19
by
CNBC
tv
eye 55
favorite 0
quote 0
years. not quite as good in those states i didn't get a sense of that last night >> thank you great discussion here. continues to the all-important election year in 2020. back to corporate news despite a top and bottom line beat highlighting around the jordan brand here is nike's chief financial officer on the call in the prior year, this may sound not that significant but it actually was. the shift of la brobron to the lakers >> i have to say, nike has been on a terror. one year longer, 46% gains not a surprise with a little mishap those shares could be down is the story unraveling. should we be taking profits? >> i think the story continues to be positive they have so much growth across different channels and focuses that these minor offsets are fine i think one of the best reasons, they really follow consumers and they know how to use all of that in order to give the consumer what they are looking for. not necessarily, we give you product, hey, this is what you are looking for and fits yo
years. not quite as good in those states i didn't get a sense of that last night >> thank you great discussion here. continues to the all-important election year in 2020. back to corporate news despite a top and bottom line beat highlighting around the jordan brand here is nike's chief financial officer on the call in the prior year, this may sound not that significant but it actually was. the shift of la brobron to the lakers >> i have to say, nike has been on a terror. one year...
210
210
Nov 19, 2012
11/12
by
CNBC
tv
eye 210
favorite 0
quote 0
during the president obama years we went from 32% of gdp to 40% of gdp. germany's 42%. we're not far behind them. then you have france and italy and spain -- >> steve, dan, michael, thank you so much, guys. we really appreciate it. >> we have a lot more to say on this topic. >> it's one that could go on for a while here. >> we're heading to -- by the way f we become france and italy, does that mean the bread and cheese and water -- >> 20 minutes to go here, hanging onto those gains. we rallied in the open. the dow's up 177. >> i could see you at a cafe with a cigarette hanging out. >> you haven't seen anything yet. find out why our next guest says even bigger gains are on the horizon if things go the way he thinks they're going. >> walmart moving up its dividend payout from january up to december to avoid the looming fiscal cliff tax increase. should companies and investors be making these huge decisions based on uncertainties? we'll look at that coming up. when you take a closer look... ...at the best schools in the world... ...you see they all have something very inte
during the president obama years we went from 32% of gdp to 40% of gdp. germany's 42%. we're not far behind them. then you have france and italy and spain -- >> steve, dan, michael, thank you so much, guys. we really appreciate it. >> we have a lot more to say on this topic. >> it's one that could go on for a while here. >> we're heading to -- by the way f we become france and italy, does that mean the bread and cheese and water -- >> 20 minutes to go here, hanging...
62
62
Nov 5, 2020
11/20
by
CNBC
tv
eye 62
favorite 0
quote 0
and then the obama years where the government was divided, but the stock market did well tim? >> yeah, i'm sorry, tyler. welcome aboard >> thank you. >> i think you're right. there's some irony that the market, which was the trump report card is playeding a potential change here. a function of not only there had been fear of capital gains tax and some very big selling in the tech sector, which has had a lion's share of the gain, but also slower growth possibly from less stimulus, from less growth-oriented policies biden, if he is president elect may not have the same mandate and therefore may be tougher to grease the rails of the economy. that's part of the explanation the weaker dollar, which is back near, again, two-plus year loun lows, was there to support all the parts of the trade that didn't work yesterday. the fed is out there today, it's amazing this was kind of a, you know, a side event that didn't get a lot of attention, nor do i think the fed wanted to upstate an election process. very important that the market has moved 10% effectively, 10.5% on the nasdaq off thos
and then the obama years where the government was divided, but the stock market did well tim? >> yeah, i'm sorry, tyler. welcome aboard >> thank you. >> i think you're right. there's some irony that the market, which was the trump report card is playeding a potential change here. a function of not only there had been fear of capital gains tax and some very big selling in the tech sector, which has had a lion's share of the gain, but also slower growth possibly from less...
265
265
Nov 6, 2012
11/12
by
CNBC
tv
eye 265
favorite 0
quote 0
four years ago, obama the optimist. he was the candidate of hope and change. today, his negativism is translating into pessimism. a and i believe the american people do not want that. voting is the best revenge, obama said this past weekend. i don't get that. f. scott fitzgerald wrote, living well is the best revenge. what exactly is president obama's revenge? growing the government? taxing and relating more? attacking the rich? optimists believe in ingenuity, entrepreneurship, the spirit of gifted individuals who are free to use their god-given tall lebs to make our economy and society the business est it can be. the president seems not to take this view. mitt romney does. and romney believes that god granted natural rights to individuals and it is they who truly run the government and the country. it's a free enterprise view. it's a market view. it's a human action view. to my way of thinking, that makes romney the model optimist. he sets an optimistic goal of 4% growth, 12 million new jobs, he says he'll reduce and reform the tax system in ways that will re
four years ago, obama the optimist. he was the candidate of hope and change. today, his negativism is translating into pessimism. a and i believe the american people do not want that. voting is the best revenge, obama said this past weekend. i don't get that. f. scott fitzgerald wrote, living well is the best revenge. what exactly is president obama's revenge? growing the government? taxing and relating more? attacking the rich? optimists believe in ingenuity, entrepreneurship, the spirit of...
489
489
Mar 28, 2014
03/14
by
CNBC
tv
eye 489
favorite 0
quote 1
there's one thing we've learned from the obama years. taxes are bad for the economy. you know what else? regulation and crony capitalism can just choke an economy as -- i think we've seen too much of that. >> i've got to give you response time. >> thank you. >> because we have civil discourse on this show. but i will say this. it's interesting. my great friend jim cramer was on last night. jimmy was always a democrat. i was always the republican. but he is really furious with the red tape and he says it's holding back small businesses which are the big job creators. >> let me just say first of all that i feel incredibly privileged to be here with you because of all the folks that we've had on this set in our discussions i'm the one that disagrees with you and with them the most. and the fact that you've continued to come back and have these arguments with me is a testament to just how you're able to disagree without being disagreeable. and you don't see that a lot in this town. >> thank you. >> look, those kinds of -- >> start with obama. >> those kinds of platitudes
there's one thing we've learned from the obama years. taxes are bad for the economy. you know what else? regulation and crony capitalism can just choke an economy as -- i think we've seen too much of that. >> i've got to give you response time. >> thank you. >> because we have civil discourse on this show. but i will say this. it's interesting. my great friend jim cramer was on last night. jimmy was always a democrat. i was always the republican. but he is really furious with...
164
164
Sep 24, 2012
09/12
by
CNBC
tv
eye 164
favorite 0
quote 0
i'm not so sure they are going to win with obama this year. i think this is a much tougher one, but, you know, reagan -- i worked for reagan. reagan whooped them twice. george papa bush once and w. a couple of times. the country doesn't necessarily listen to hollywood on this political crap, do they? >> i hope not. i think that there is -- there is the demographic out there that just watches reality show and tv and they are creating fiction in hollywood and this endorsement of obama is based on some sort of fictional reality. i cannot believe swearing allegiance to obama. that's dictatorship. we swear allegiance to our republic. we don't swear allegiance to a person, any person or a president. we send them to washington, d.c., to be sworn to protect our constitution so there's -- there's a synap missing in hollywood, living in a surreal world and it's frightening that there may be a demographic out there that doesn't know any better. >> when you were in that game did, they try to thwart your career? >> well, you know, look, i can guarantee the
i'm not so sure they are going to win with obama this year. i think this is a much tougher one, but, you know, reagan -- i worked for reagan. reagan whooped them twice. george papa bush once and w. a couple of times. the country doesn't necessarily listen to hollywood on this political crap, do they? >> i hope not. i think that there is -- there is the demographic out there that just watches reality show and tv and they are creating fiction in hollywood and this endorsement of obama is...
103
103
May 31, 2013
05/13
by
CNBC
tv
eye 103
favorite 0
quote 0
doug holts eakin, one thing in obama's plan, if i understand this right, forgiveness, there a 20-year forgiveness, takes this the heat off payment and puts it off on taxpayers. is that true? >> there is a steady strend trend for steching out period, using income based payments. larry the thing i found mystifying about today's photo op and fighting words, as you point out the house passed a bill. it's a market-based permanent solution. i saves taxpayers as you pointed out $4 billion. it's cheaper for every borrower right now. it's better than the price fixed extension the democrats want. it's basically what the president called for in his own bucket. i know he is fighting with somebody, is he mad at the senate democrats or his own budget? >> that's what he asked. you are right. they are trading off the treasury bond, i understand that. he wants this income-based idea that you mentioned and he wants loan forgiveness, doug. i want to ask you this. let's step back a second a. trillion dollars of student loans or more, heavily subsidized, these stafford loans be i the federal government. n
doug holts eakin, one thing in obama's plan, if i understand this right, forgiveness, there a 20-year forgiveness, takes this the heat off payment and puts it off on taxpayers. is that true? >> there is a steady strend trend for steching out period, using income based payments. larry the thing i found mystifying about today's photo op and fighting words, as you point out the house passed a bill. it's a market-based permanent solution. i saves taxpayers as you pointed out $4 billion. it's...
164
164
Aug 8, 2016
08/16
by
CNBC
tv
eye 164
favorite 0
quote 2
and a doubling of the national debt during the obama years. there are now 94.3 million americans outside of the labor force. it was 80.5 million when president obama took office. an increase of 14 million people. the obama-clinton agenda, tax, spend and regulate has created a silent nation of jobless americans. home ownership is at its lowest rate in 51 years. >> thank you very much. thank you. i will say the bernie sanders people had far more energy and spirit. i will say. nearly 12 million people have been added to the food stamp, and these people are growing and growing so rapidly. since president obama took office, another nearly 7 million people, great americans, are right now living in poverty. poverty. okay? poverty. we have the lowest labor force participation rates in four decades. 58% of the african-american youth are either outside of the labor force or not employed. one in five american households do not have a single member in the labor force. not a single member of the households. these are the real unemployment numbers. the 5% f
and a doubling of the national debt during the obama years. there are now 94.3 million americans outside of the labor force. it was 80.5 million when president obama took office. an increase of 14 million people. the obama-clinton agenda, tax, spend and regulate has created a silent nation of jobless americans. home ownership is at its lowest rate in 51 years. >> thank you very much. thank you. i will say the bernie sanders people had far more energy and spirit. i will say. nearly 12...
49
49
Feb 2, 2017
02/17
by
CNBC
tv
eye 49
favorite 0
quote 0
didn't see a lot of that during the obama years. will we see that now that the republicans are in control? they're not moving as fast as president trump. >>> we are approaching the top of the hour. the team is getting ready for "squawk box" in new york. joe kernen is there with a look at what's coming up. >> we have bill miller for two hours. that's always good. i think in the last five years, his fund has once again outperformed just about anyone. he's got sort of calming, sanguined view on things. never get too excited one way or the other. looking at some of his notes, some surprising things that he says. we'll find out as much as we can from him. two hours is a good amount of time to spend with bill miller. i wanted to talk to you, wilfred, about -- i'm not sure. i don't understand. i was watching theresa may yesterday, back in the uk. and whenever i see anyone talk -- is that parliament or something? >> that is parliament, exactly. the french word for talking. >> the grumblings, everything comment she makes. everybody is yellin
didn't see a lot of that during the obama years. will we see that now that the republicans are in control? they're not moving as fast as president trump. >>> we are approaching the top of the hour. the team is getting ready for "squawk box" in new york. joe kernen is there with a look at what's coming up. >> we have bill miller for two hours. that's always good. i think in the last five years, his fund has once again outperformed just about anyone. he's got sort of...
112
112
Jun 12, 2019
06/19
by
CNBC
tv
eye 112
favorite 0
quote 0
. >> millennials -- >> i think it was the obama years! i think they got totally screwed by -- >> what is it about the obama years? >> just everything that happened. >> can i ask bob one more question before we go? bob, i just want to know, what is your up side here how sensitive is the refi market, the mortgage app market to this decline in rates i have us down a percentage point in mortgage rates, is that right? >> yes we're seeing the lowest rates in a couple years and the highest refis in three years the thing that will be a govern on the refi boom is that the rates through the 2010s didn't go through that wide a band, so the loans that are in the money now for refis are generally the newer originations from the last year or so. >> right. >> although it is worth checking, because you can get a zero-point loan for under 4% now for a 30-year fixed and under 3.5% for a 15-year fix, so people are looking to get a 15-year loan, get under 3.5% and pay that loan off earlier. >> i think it's worth repeating, what measure, how much of a drop in
. >> millennials -- >> i think it was the obama years! i think they got totally screwed by -- >> what is it about the obama years? >> just everything that happened. >> can i ask bob one more question before we go? bob, i just want to know, what is your up side here how sensitive is the refi market, the mortgage app market to this decline in rates i have us down a percentage point in mortgage rates, is that right? >> yes we're seeing the lowest rates in a...
80
80
May 24, 2017
05/17
by
CNBC
tv
eye 80
favorite 0
quote 0
we shouldn't be in the low new normal growth that the obama years have been in. we'll unleash deregulation, tax reform. >> the bottom line, as you were saying on the way in, none of the economists who have been wrong before can get past 2, 2.5 in best estimates. and the administration has not shown them the steps. >> it assumes a lot of balancing -- >> a lot rests on the 3%. >> my pick is in the financial times. jim hackett has an impossible job to remake ford. it starts by saying the detroit big three of general motors, ford and fiat chrysler have been steadily squeezed in the home market by asian rivals. ford's market share has halved to 15%. u.s. manufacturers used to dominate the profit pool, but now part suppliers and dealers with them under their pu view. supplies of electronics and software take the most value today. i learned a lot reading it. detailed in terms of what pressures both ford and the big three u.s. automakers face. >> big story of the week. we're approaching the top of the hour. the team is getting ready for "squawk box." joe kernen has a loo
we shouldn't be in the low new normal growth that the obama years have been in. we'll unleash deregulation, tax reform. >> the bottom line, as you were saying on the way in, none of the economists who have been wrong before can get past 2, 2.5 in best estimates. and the administration has not shown them the steps. >> it assumes a lot of balancing -- >> a lot rests on the 3%. >> my pick is in the financial times. jim hackett has an impossible job to remake ford. it starts...
95
95
Aug 16, 2017
08/17
by
CNBC
tv
eye 95
favorite 0
quote 0
years when many in corporate america felt that they weren't listened to thoughtfully inside the white house, that they weren't given due consideration to their views on regulations, taxes and other things the trump administration began very much with an effort to change all that. that's what these councils were about. now today all of that has ground to a halt, and the story line going forward is going to be, can the trump administration regain the trust of the business community? can they right the ship, start focusing on tax reform and some of the other things? or is this simply the end of the relationship only time will tell. >> eamon, thanks so much about 12 blocks north of us outside trump tower. we did see stocks come out of their highs today, and president trump tweeting the councils were disbanded, but the real reaction it started in the bond reaction, sinking to the lows of the day up to now the market has ignored the d.c. drama, could today market a turning point tim, i pose that question to you as to whether the market starts to pay a lot more attention. policy is not price
years when many in corporate america felt that they weren't listened to thoughtfully inside the white house, that they weren't given due consideration to their views on regulations, taxes and other things the trump administration began very much with an effort to change all that. that's what these councils were about. now today all of that has ground to a halt, and the story line going forward is going to be, can the trump administration regain the trust of the business community? can they...
165
165
Nov 8, 2016
11/16
by
CNBC
tv
eye 165
favorite 0
quote 0
the run of stocks an high yield bonds through the obama years cou should cool. that's a massive point. it's usually a safe haven. bonds within the u.s. are traditionally the safe haven asset class and lots of questions depending on the result whether the u.s. can maintain that. particularly if it starts to pull away from global trade. will the u.s. dollar still be the safe haven currency of choice or not? we'll have to wait and see but that move in bonds is a very interesting point. >> and also what fiscal policy is realistic. mike of j.p. morgan publishing last night there's no precedent for a fed chair to step down after the election. donald trump if he does win has made janet yellen so mitt cal but he could reappoint someone with cause. that's a wildcard to some extent as well. also if there's a market turmoil event then this whole 80% odds that the feds raises rates in tess could also be. >> saying this morning that it's very dangerous to politicize central banks at a time when policy is at such an extreme hefl. >> we're so dependent. >> but if you change th
the run of stocks an high yield bonds through the obama years cou should cool. that's a massive point. it's usually a safe haven. bonds within the u.s. are traditionally the safe haven asset class and lots of questions depending on the result whether the u.s. can maintain that. particularly if it starts to pull away from global trade. will the u.s. dollar still be the safe haven currency of choice or not? we'll have to wait and see but that move in bonds is a very interesting point. >>...
67
67
Jun 26, 2020
06/20
by
CNBC
tv
eye 67
favorite 0
quote 0
years >> they did do well. they have done very well at the n) maybe there's the chance he gets pulled further to the left and raises taxes more.uztÊ7 it's talking point on wall street about how these economic policies are going to go in the on the track he's on again, to emphasis at one point, joe biden has really been kind of hiding in way from goingú o doingfully campai any campaign. donald trump has and biden qkc cf1 o advantage of that because they see trump making mistakes on the trail, making mistakes with the coronavirus and pushing out biden tries to be the leader from the sidelines i think wall street has picked up on that that doesn't mean every one will back joe biden but they are yc going forward with biden according to pollsters >> thank you so much tyler. >>> while the market fell off on concerns about the reopening of the u.s. economy, retail stocks are hanging in o
years >> they did do well. they have done very well at the n) maybe there's the chance he gets pulled further to the left and raises taxes more.uztÊ7 it's talking point on wall street about how these economic policies are going to go in the on the track he's on again, to emphasis at one point, joe biden has really been kind of hiding in way from goingú o doingfully campai any campaign. donald trump has and biden qkc cf1 o advantage of that because they see trump making mistakes on...
267
267
Jan 20, 2010
01/10
by
CNBC
tv
eye 267
favorite 0
quote 0
basically after the first year, president obama got a free pass for a year. and now not just election, but it's going to be a tougher year than they thought. i don't think they can switch from one issue to the other and think they'll have the same momentum. >> the big vote was we want to talk about jobs. just relate to me the consumer and the banks and the jobs. how is that going to play identity? >> people that don't have a job keep defaulting on their loans and there's quite a few people out there who don't have a job. and the default rates are not going to be sussy diesed on the front load of these grants. so we're going to see an increase in default rates, at least for one more quarter and the only way we're going to offset that is if we can tell a huge offset in activity. >> if we get this increase in default rates, is that enough to knock back a general market move higher than we've seen, or not? >> i think it could be, ross, because basically, the way i measure it, the market, the s&p 500 is trading about 19 times 2009 earnings at merely 14 to 15 times
basically after the first year, president obama got a free pass for a year. and now not just election, but it's going to be a tougher year than they thought. i don't think they can switch from one issue to the other and think they'll have the same momentum. >> the big vote was we want to talk about jobs. just relate to me the consumer and the banks and the jobs. how is that going to play identity? >> people that don't have a job keep defaulting on their loans and there's quite a few...
805
805
Nov 6, 2012
11/12
by
CNBC
tv
eye 805
favorite 0
quote 0
president obama carried. it was a breakthrough for president obama to carry it four years ago. both sides invested heavily in the state. shift of population up through northern virginia that are more democrat democratic leaning. you will see the obama campaign believes they have an ever so slight lead. the last poll showed 1 point lead for the president. >> 2.4 points in iowa. are those within the margin of error? >> yes. >> it's hard to say all these things. >> the reason is that if you average statewide polls your margin of error goes way down. >> it is not within the margin. >> what is the margin of error if you measure them? >> you have to call for the technicals on when you aggregate polls together. the margin of error shrinks. the margin of error on our virginia poll was about 2.9 percentage points. if you put a bunch of polls together that number goes down. >> you have been looking at other issues beyond just the presidential race. >> there is a lot of ballot initiatives. we have six states that will vote on marijuana in some form of fashion. three to outright legalize m
president obama carried. it was a breakthrough for president obama to carry it four years ago. both sides invested heavily in the state. shift of population up through northern virginia that are more democrat democratic leaning. you will see the obama campaign believes they have an ever so slight lead. the last poll showed 1 point lead for the president. >> 2.4 points in iowa. are those within the margin of error? >> yes. >> it's hard to say all these things. >> the...
77
77
Oct 10, 2017
10/17
by
CNBC
tv
eye 77
favorite 0
quote 0
years they made riskier bank impossible now i don't want to go back to the bad ole days before the great recession when the ab sorted lack of -- it will be ridiculous we all know even the bankers themselves the chief and force of those old rules is now gone. he was the fed's vice chairman for supervision. he ran rough shot over all bankers as tough as tony west was when he served as the justice department me goesnator for the fines you heard about. he made a point of repudiating everything his predecessors did. this guy may be the most important person in the banking business w while you can argue about the american one thing's clear, it's beginning to be fabulous for you who own bank stocks. let's start with dodd frank. as he said in front of senate, quote -- practices and adopted since the finance crisis has improved the settlement with finance system with the benefit of experience and reflection, some refinements will be in order, end quote. translation, he may gut the whole darn thing some would say way too subjective, all that matters is how you enforce rules, the rules themselves d
years they made riskier bank impossible now i don't want to go back to the bad ole days before the great recession when the ab sorted lack of -- it will be ridiculous we all know even the bankers themselves the chief and force of those old rules is now gone. he was the fed's vice chairman for supervision. he ran rough shot over all bankers as tough as tony west was when he served as the justice department me goesnator for the fines you heard about. he made a point of repudiating everything his...
264
264
Sep 5, 2012
09/12
by
CNBC
tv
eye 264
favorite 0
quote 1
when barack obama and hillary clinton ran against each other four years ago. clinton is here because nobody has more credibility in politics on the economy and nobody can frame an argument better, as you see in this ad that began airing last month for president obama. >> the republican plan is to cut more taxes on upper income people and go back to deregulation. that's what got us in trouble. president obama has a plan to rebuild america from the ground up. >> larry, we have excerpts from what bill clinton will say tonight. he's going to say if you want a winner-take-all, you're on your own society vote republican. if uh you want a society of shared prosperity and we are all in this together, vote for president obama. this convention will hear from elizabeth warren, the consumer advocate. that will be in prime time and attempt to help the democratic ticket and help elizabeth warren in the senate race which could be important on election day in november. >> many thanks, john harwood. we appreciate it. >>> now, despite his much lauded years in often president cl
when barack obama and hillary clinton ran against each other four years ago. clinton is here because nobody has more credibility in politics on the economy and nobody can frame an argument better, as you see in this ad that began airing last month for president obama. >> the republican plan is to cut more taxes on upper income people and go back to deregulation. that's what got us in trouble. president obama has a plan to rebuild america from the ground up. >> larry, we have...
176
176
Jul 20, 2016
07/16
by
CNBC
tv
eye 176
favorite 0
quote 0
bush years, obama years. that's what they want. and they want to have policies that are going to help get the jobs back, help raise their wages. but i think the broader thing, i just don't know how to explain this properly perhaps. trump is saying, if you go with me, i'm going to break some eggs in washington, d.c. with the crony capitalism, with the chamber of commerce, with a lot of government policies that aren't helping anybody. and i'm going to give you, carl quintanilla, i'm going to give you your own store in some place in cleveland, ohio, but we're going to have fewer expensive licenses, lower regulations and a whole lot lower taxes as a small business and then you're going to hire me because there will be more money to go around. i think trump needs to make that case. >> you're right. i've been saying that what kudlow says, what gingrich says and attribute to trump is powerful and positive and a good republican message. we need to hear it from trump. >> that's right. >> look, there's a few -- >> hope he's listening to you.
bush years, obama years. that's what they want. and they want to have policies that are going to help get the jobs back, help raise their wages. but i think the broader thing, i just don't know how to explain this properly perhaps. trump is saying, if you go with me, i'm going to break some eggs in washington, d.c. with the crony capitalism, with the chamber of commerce, with a lot of government policies that aren't helping anybody. and i'm going to give you, carl quintanilla, i'm going to give...
88
88
Oct 7, 2013
10/13
by
CNBC
tv
eye 88
favorite 0
quote 0
you put this thing up a couple years ago and president obama and the senate democrat s didn' want it. would you have taken the whole issue off the table. why were they against the passage of this that would have secured no default? >> by the way, i reintroduced it in this congress. it is still available to the senate democrat and president obama to make it literally him possible to have a default on our debt. i'm not worried that the treasury is actually going to default on its debt. the ongoing tax revenue is about 12 times the amount of money we owe in debt service. but i thought it was important to make a clear statement to the savers across america that under no circumstances including failure to raise the debt ceiling would we ever tdefault n our debt and they rejected it precisely because the president and this democratic senate unfortunately want to scare the american people, want to create this uncertainty all in an effort to intimidate republicans into giving the president huge additional borrowing authority with no conditions so he can continue the borrowing and spending and
you put this thing up a couple years ago and president obama and the senate democrat s didn' want it. would you have taken the whole issue off the table. why were they against the passage of this that would have secured no default? >> by the way, i reintroduced it in this congress. it is still available to the senate democrat and president obama to make it literally him possible to have a default on our debt. i'm not worried that the treasury is actually going to default on its debt. the...
190
190
Apr 9, 2012
04/12
by
CNBC
tv
eye 190
favorite 0
quote 0
we had a big explosion, the burden during the bush/obama years. and if we let all the tax cuts expire, we'd be telling the big spenders in washington that's a permanent victory. we're now going to raise revenues so you can then finance your next new spending binge. >> from the bill clinton/newt gingrich space, i believe spending got down to about 18% of gdp, it's drifting up towards 24%, 25% of gdp, put another ten points on for state and local government, if i'm not mistaken. where does that leave the economy? >> well, if you look at the oecd numbers, they say we're close to 40% of gdp, they're a little bit higher than the u.s. government figures or about 37%. that's obviously not that far from say germany, which is in the low 40s and then, of course, the next stage up is countries like germany, france, and greece. >> simon, i want to reform the tax code. i want to flatten the rates and get rid of the unnecessary deductions and loopholes. i don't want to support higher spending because i want us to outgrow europe. >> look, larry, i think you're a
we had a big explosion, the burden during the bush/obama years. and if we let all the tax cuts expire, we'd be telling the big spenders in washington that's a permanent victory. we're now going to raise revenues so you can then finance your next new spending binge. >> from the bill clinton/newt gingrich space, i believe spending got down to about 18% of gdp, it's drifting up towards 24%, 25% of gdp, put another ten points on for state and local government, if i'm not mistaken. where does...
0
0.0
Nov 10, 2020
11/20
by
CNBC
tv
eye 0
favorite 0
quote 0
years when there were problems, particularly coming to agreement on budget matters, president obama sent joe biden up to the hill and sat down with mitch mcconnell and the two of them being senate tacticians figured out a way to get something done can you have a revival of that, and that's -- that has been at least a productive lineup in the past. >> well, it's fascinating. you do point to several areas that investors could care about where we could see some progress appreciate it. thanks for joining us today. >> thank you >> jerry seib with "the wall street journal." >>> still ahead here on "the exchange," his name may not be on your radar, but he's one of the biggest names in the investing world and deal-making world. we'll speak to the founder of lando behalfo about his record fund-raising amidst a pandemic and what they thinks about technology these days. >>> and we're monitoring apple's one more thing event and possible more announcements. the stock is relatively unmoved by the moves we've had today, and as we check on that, let's also take a look, there's apple shares fraction
years when there were problems, particularly coming to agreement on budget matters, president obama sent joe biden up to the hill and sat down with mitch mcconnell and the two of them being senate tacticians figured out a way to get something done can you have a revival of that, and that's -- that has been at least a productive lineup in the past. >> well, it's fascinating. you do point to several areas that investors could care about where we could see some progress appreciate it. thanks...
215
215
May 31, 2012
05/12
by
CNBC
tv
eye 215
favorite 0
quote 0
now, that is obama's job, not ten years ago in massachusetts. this is the part i just don't get. maybe my panel can help me. we have former clinton white house aid keith boykin, wabc talk show host march simone, and conservative attorney and blog founder john hinderracker. thank you very much. it's great to have you back while i'm here. what is -- what is this all about? you know, the idea, romney comes out with a 4.7% unemployment rate, a balanced budget, no tax hikes, obama should be so lucky to even remotely have a 4.7% unemployment rate. i don't understand his policies because this country's not doing well and he won't face up to it. what is this all about? >> exactly right, larry. obama can't even dream about a 4.7% unemployment rate. what's going on here, larry, is the fundamental problem is that obama can't talk about his own record. and that's why we see all these attacks on mitt romney, whether it's his time at bain, his term as governor of massachusetts, putting the dog on the roof of the car, you know -- obama can talk about anything other than his own record. that's w
now, that is obama's job, not ten years ago in massachusetts. this is the part i just don't get. maybe my panel can help me. we have former clinton white house aid keith boykin, wabc talk show host march simone, and conservative attorney and blog founder john hinderracker. thank you very much. it's great to have you back while i'm here. what is -- what is this all about? you know, the idea, romney comes out with a 4.7% unemployment rate, a balanced budget, no tax hikes, obama should be so lucky...
36
36
Sep 15, 2016
09/16
by
CNBC
tv
eye 36
favorite 0
quote 0
it took president obama less than eight years to add another $10 trillion. now it would be one thing if that money had been used to completely rebuild our nation, our military, our infrastructure, but that didn't happen. instead the opposite happened. we doubled our debt and in return we have dilapidated infrastructure, failing schools, a badly depleted military, the greatest people on earth, and they have a badly depleted military. its equipment old and tired. never has so much money been spent so poorly and so unwisely but we're going to turn that all around and here is how. it begins with bold new tax reform. don't worry, they're going down. as outlined in detroit our tax plan will greatly simplify the code and reduce the brackets from seven to it three. the new brackets will be 12, 25, and 33%. but low income americans will pay no income tax at all. our plan will remove millions and millions of workers from the income tax role enit titirely s that work we do in washington can be discontinued. they'll pay tax but they'll pay tax when they start making a c
it took president obama less than eight years to add another $10 trillion. now it would be one thing if that money had been used to completely rebuild our nation, our military, our infrastructure, but that didn't happen. instead the opposite happened. we doubled our debt and in return we have dilapidated infrastructure, failing schools, a badly depleted military, the greatest people on earth, and they have a badly depleted military. its equipment old and tired. never has so much money been...
130
130
Sep 27, 2013
09/13
by
CNBC
tv
eye 130
favorite 0
quote 0
, but if you take out the obama years, $670 billion deficit on the budget for one year, still the largest there is on record. so, to me, bragging about bringing it down so dramatically, the only reason he brought it down northern anybody else is because it was higher than anybody else. and i think the public polls are reflecting the national debt, even though i think much of the dialogue flip-flops between the two. interest rate markets are telling me there's nothing to worry about about what's going on in washington. >> i think the president does understand the difference. i don't know if he messed the two up in his speech just nout but i think his larger point is on raising the debt ceiling is that we have done a lot of debt reduction. republicans have won a lot. we're talking about a spending deal that's a lot less than democrats would want. >> we have done no deficit reduction, though. in 2012 -- >> through sequestration -- >> at the end of 2012 we pulled forward boat loads of money to beat tax rate increase that won't be replicated. that was more of a passive gain than proceed active
, but if you take out the obama years, $670 billion deficit on the budget for one year, still the largest there is on record. so, to me, bragging about bringing it down so dramatically, the only reason he brought it down northern anybody else is because it was higher than anybody else. and i think the public polls are reflecting the national debt, even though i think much of the dialogue flip-flops between the two. interest rate markets are telling me there's nothing to worry about about what's...
86
86
Oct 30, 2012
10/12
by
CNBC
tv
eye 86
favorite 0
quote 0
finally, governor romney is 14 years older than obama. no one who is 14 years would older has taken the white house. and he's the third oldest candidate ever to run for president behind reagan and harrison. so history is on obama's side. >> appreciate the stats. we have someone writing in all this on the back of hurricane season, michael, let's continue with you because we've been looking at a lot of earns and not seeing a huge impact with the storm. investors choosing to trade -- >> lot of bears worried about the top line, but you've crunched through some of the numbers. >> it's not so bad. we were a bit worried about the third quarter. i've been calling it would be the year of the economic cycle. pmi data seems to be suggesting that. and here we are, we have 51% the company beating on the earnings line. 36 missing, so a net positive of 12. sales line, we have a net positive of six. it's not a disaster. >> capex is not the priority. and bp raising dividends by almost 12%, that means they're not putting the money in to any kind of investm
finally, governor romney is 14 years older than obama. no one who is 14 years would older has taken the white house. and he's the third oldest candidate ever to run for president behind reagan and harrison. so history is on obama's side. >> appreciate the stats. we have someone writing in all this on the back of hurricane season, michael, let's continue with you because we've been looking at a lot of earns and not seeing a huge impact with the storm. investors choosing to trade --...
0
0.0
Nov 8, 2022
11/22
by
CNBC
tv
eye 0
favorite 0
quote 0
we had gridlock start into 2000, and then they'll look at like the obama years, and they'll say let's say 2010 when the republicans took over. the reality is first of all clinton and the republican controlled congress. we're at 5%. we don't have that same backdrop, so i don't think those stats are relevant i don't think that history is particularly meaningful, and i don't think people should buy or sell elements of a portfolio based on who they think is going to win the house or senate i don't really know what to tell you. it's just not in my view a sensible way to go with that investment. >> even if you don't go as granular as democrats, republicans, who wins what and when, there is evidence, shannon, to suggest that simply a mid-term election year is post that is good for stocks. they look back to data 1960 simply following the notion following mid-terms and the thud year of a presidential cycle has historically been a strong one for the s&p 500. i think we can just take it at that metric in and of itself >> the economic backdrop is a little bit different this time, too. i've been t
we had gridlock start into 2000, and then they'll look at like the obama years, and they'll say let's say 2010 when the republicans took over. the reality is first of all clinton and the republican controlled congress. we're at 5%. we don't have that same backdrop, so i don't think those stats are relevant i don't think that history is particularly meaningful, and i don't think people should buy or sell elements of a portfolio based on who they think is going to win the house or senate i don't...
68
68
Feb 21, 2020
02/20
by
CNBC
tv
eye 68
favorite 0
quote 0
of the trump administration is slower on a monthly basis than in obama years. gdp is roughly the same. because of the demographic issues, you're not getting a massive return of people into the labor force the participation rate has remained somewhat stag nat immigration as mick mulvaney may have hinted, is extremely important. we have to grow the size of the population to increase gdp growth so i think there are a lot of things going on. in the shorter term, however, this coronavirus weakness in japan and disruptions in production are going to be a six to nine month event that's going to force efb to lower their gdp estimates and possibly their earnings and this hiccup we're seeing in the financial markets. >> that's an interesting point let me conclude with you, scott, if i might what would it mean, the united states optimism is at an all time high. never, ever been higher. what would it mean to the united states economy and to the global economy if china's economy has a zero growth rate in the first quarter in the first half? >> zero. >> not much is the quali
of the trump administration is slower on a monthly basis than in obama years. gdp is roughly the same. because of the demographic issues, you're not getting a massive return of people into the labor force the participation rate has remained somewhat stag nat immigration as mick mulvaney may have hinted, is extremely important. we have to grow the size of the population to increase gdp growth so i think there are a lot of things going on. in the shorter term, however, this coronavirus weakness...